B8888
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Activity: 59
Merit: 0
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February 22, 2017, 10:23:43 PM |
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traumschiff
Legendary
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Activity: 1498
Merit: 1001
180 BPM
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February 23, 2017, 04:15:49 PM Last edit: February 25, 2017, 04:16:17 PM by traumschiff |
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I bought STEEM @0.00131307BTC and now 8888sat I think Tony Vay FUD is having impact on this project, I too looked into the project the financial structure is not sustainable on the long term,instead of the team to come clean on this and admit their error they decided to patch the problem but on the long run it is going to surface again. I think price is going below 5000sat soon Steem has literally the worst ponzi-like structure I've ever seen on this forum. With Bitcoin, the more people buy in the more it's worth and with it, its infrastructure grows aswell. After a time you will be able to buy stuff with Bitcoin thanks to the network effect and "no inflation" (rate of inflation is known, it's low and calculated with in the price), also people have to actually invest into mining infrastructure. With STEEM, lets take a scenario where we have the exact amount of people as on Facebook, should they all earn free coins with shitposting? Who will buy the coins of people who earn with reposting rephrasing random articles that you can read for free on the internet? You need buyers on a side so your coins are worth something. Why even buy those coins? To gain voting power on a random redditlike forum? Who the fuck cares about these things except basement dwellers? Not a single retail chain will accept a thing like STEEM, there is no value in it. And after all these thoughts comes the part where there is inbuilt hyper inflation. STEEM is creating money out of thin air, there are no economical questions, it's just utter shit and a moneygrab for the Larimer family.
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Ucy
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February 28, 2017, 01:33:43 AM |
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Keep wondering why people thisdays consider things with great potential, they do not understand a Ponzi scheme. How could you call Steemit a Ponzi scheme when buyers (articles consumers) & Sellers(Article Writers) are actually transacting VALUABLE businesses on the platform. Or did you just assume it's a Ponzi scheme because it encourages people to invest to get more out of it? Maybe you could show me any real company that doesn't do that? The guys at Steemit already explained how they make money and I think is quite sustainable.
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phytosaw22
Member
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Activity: 84
Merit: 10
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February 28, 2017, 02:02:49 AM |
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Steemit's growth is TERRIBLE. I have been following the daily active users and it is not increasing...
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SHIFT - Decentralize the web
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traumschiff
Legendary
Offline
Activity: 1498
Merit: 1001
180 BPM
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February 28, 2017, 08:49:49 AM |
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Keep wondering why people thisdays consider things with great potential, they do not understand a Ponzi scheme. How could you call Steemit a Ponzi scheme when buyers (articles consumers) & Sellers(Article Writers) are actually transacting VALUABLE businesses on the platform. Or did you just assume it's a Ponzi scheme because it encourages people to invest to get more out of it? Maybe you could show me any real company that doesn't do that? The guys at Steemit already explained how they make money and I think is quite sustainable.
"Buyers (articles consumers)", really? No one has to buy to be able to read an article on steemit. You get no real value from buying STEEM, nothing. Voting power you get is not relevant compared to the first insider miners and developers who instamined this coin. They even stake their holdings, to make sure it never evens out. They decide what goes on the frontpage and what earns more money. It's not even a fitting blockchain to be considered money or a store of value. With Bitcoin, token holders get no benefit from hoarding it except being able to manipulate the market in case they want to daytrade (this goes for every currency in the world), with STEEM, as mentioned already, early instaminers manipulate everything from news to issuance of new tokens.
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Ucy
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March 05, 2017, 01:45:36 PM |
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Steemit biggest problem is not being mobile friendly. I bet the App thing if true, will be a game changer.
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tianxiatang
Member
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Activity: 112
Merit: 10
🌟 SONM ICO: 25/05/17 🌟
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March 17, 2017, 12:28:10 AM |
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this coin has already dump a lot, whether it is time to pump, any good news for pump here?
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doriangray
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March 17, 2017, 01:17:24 AM |
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this coin has already dump a lot, whether it is time to pump, any good news for pump here?
No pump just a minor increase in price, STEEM is currently up +40% in the last 24 hours.
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bbc.reporter
Legendary
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Activity: 2982
Merit: 1456
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March 17, 2017, 01:27:20 AM |
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@doriangray. You are right. Many will loose confidence in Steem with Daniel Larimer leaving the project. Why did he leave and in what manner did he leave? Did he slowly dump all his coins and then declared he is quitting when he was out of coins to dump?
This looks like another flagrant scam if you ask me. I heard Dan is a good programmer. He will regret doing it like this.
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bbc.reporter
Legendary
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Activity: 2982
Merit: 1456
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March 18, 2017, 12:58:55 AM |
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@B8888. Ok but I will only believe it when it is there. So far from what we have seen there are no real successes with Bitshares and Steem except that they made a lot of bitcoins out of them by dumping their shares. Will they make new coins on their new platform again to dump on its users?
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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tianxiatang
Member
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Activity: 112
Merit: 10
🌟 SONM ICO: 25/05/17 🌟
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March 18, 2017, 02:37:25 AM |
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wow!!!amazing!!! price has pumped +180% now! what will happen next time
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vhong
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March 18, 2017, 03:00:45 AM |
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wow!!!amazing!!! price has pumped +180% now! what will happen next time
That was a crazy pump, looks like whales are now moving into STEEM.
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Overflow_FF
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March 18, 2017, 09:22:37 AM |
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pump is over or continue?
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kurniajim
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March 18, 2017, 12:37:15 PM |
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WOW! Steem still move until now
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torry28
Legendary
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Activity: 1680
Merit: 1001
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March 18, 2017, 12:50:04 PM |
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pump is over or continue?
Pumps on STEEM coin still continue until now,currently their stats is +219% in the last 24 hours! Really easy money for those who bought this coin earlier. WOW! Steem still move until now
All cryptocurrency are also moving until now
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vthfvuuj
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March 18, 2017, 04:38:51 PM |
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nice, go go STEEM
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Arcteryx
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March 20, 2017, 01:48:33 AM |
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Sorry to say I missed the chance on this one. Why are all these dormant alt coins suddenly pumping so high? I hear 219% here 216% there with dash. Is this the revenge of the alt or something? That would make a good movie poster for this "Now Playing" at a local exchange near you.
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B8888
Newbie
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Activity: 59
Merit: 0
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March 20, 2017, 04:47:24 PM |
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Theoretical physicist Michael Goldhopper wrote this article back in WIRED 1997 issue: https://www.wired.com/1997/12/es-attention/ - STEEM is currency backed by attention.
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